Managed IT Services, Web Services, & IT Solutions

Eagan, MN
Dakota County

Asking Price: Annual Revenue:
$2,200,000 $13,084,939

Services: Computer, Internet, Technology Repair & Services

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RE: Managed IT Services, Web Services, & IT Solutions Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $2,200,000 12.5% Buyer Down Payment $275,000 12.5% Seller Financing or Equity Roll $275,000 75% Bank Loan $1,650,000 A 12.5% down payment of $275,000 returns $343,053 in the first year after debt payments!

Quick Facts

Asking Price: $2,200,000
Annual Revenue: $13,084,939
Net Profit: Not Disclosed
Cash Flow: $683,042
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1992
Employees: 39
BBN Listing #: 196534398
Broker Reference #: TEC013

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Business Overview:

With over 450 clients and $200,000 in recurring monthly revenue, this IT management company has been established in the Twin Cities area for nearly 30 years! Serving clients locally (75%), regionally (10%), and nationwide (15%), this business offers a variety of technology services & products. Services include technology lifecycle management, IT staffing, cloud solutions, data storage, data security & remote access, and web services; they also provide new & re-certified equipment from leading manufacturers, as well as sales, repair, maintenance, and installation of windows desktops and servers. A highly-skilled team of 39 employees consists of 6 in Operations, 4 in Admin, 10 in sales, and 19 in the service department. They cater to each customer’s specific needs for their company and implement customized IT solutions and services. Clients are in a variety of industries such as education, financial, healthcare, insurance, and manufacturing; of their 450+ clients, 288 of them purchase $1,000 or more per year, 122 of them purchase $10,000 or more, and 24 purchase $100,000 or more annually. 2021 is on track to be a record year for this business, as the remote workforce is now entrenched in the workplace – this business will see double digit growth for the foreseeable future.

Based out of an 18,000 square feet building, 9,000 square feet is used for warehouse/production space, while 4,500 square feet is office space; the remainder is rented by tenants. Assets include $161,000 of equipment – PC’s, notebooks, servers, SAN’s, network gear, warehouse equipment, and office furniture & fixtures. The current owner handles HR, Finance, AP, AR, policies & procedures, and contracts, and is willing to stay on board for 1-5 years to help grow the company.

Priced at $2,200,000, this business already has a strong recurring client base, word-of-mouth referrals, and an extremely well-established name in the industry and the region. Marketing is the key to organizational growth; better SEO, email campaigns, lunch & learns, etc. would generate more client interest and boost revenue.

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Property Features and Assets:

Lease: 18,000 square feet building; 9,000 is warehouse/production space, 4,500 is office space (7 offices, 2 meeting rooms); the remainder is rented by tenants – Rent is $12,000/month.

Market Competition and Expansion:

Growth Opportunities: Generate more client interest through better SEO, email campaigns, lunch & learns, etc.

Reason for Selling:

Looking to grow the company.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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